Overview
Abercrombie & Fitch Q3 net sales rise 7% to $1.3 bln, slightly beating expectations
Adjusted EPS for Q3 beats analyst expectations, reaching $2.36
Company repurchased $100 mln in shares during Q3
Outlook
Company narrows full-year net sales growth outlook to 6% to 7%
Abercrombie & Fitch expects Q4 net sales growth between 4% and 6%
Company forecasts fiscal 2025 EPS between $10.20 and $10.50
Result Drivers
HOLLISTER GROWTH - Hollister brands grew 16% driven by strong back-to-school and fall seasonal transition
REGIONAL PERFORMANCE - Net sales growth led by Americas and EMEA, both up 7%, offset by 6% decline in APAC
INVESTMENTS IMPACT - Operating margin of 12.0% achieved despite 210 basis points of adverse tariff impact, supported by investments in marketing, digital, and technology
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
$1.29 bln
$1.28 bln (9 Analysts)
Q3 Adjusted EPS
Beat
$2.36
$2.16 (10 Analysts)
Q3 Net Income
$115.10 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Abercrombie & Fitch Co is $96.00, about 31.7% above its November 24 closing price of $65.61
Press Release: ID:nGNX79nrWG
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)